VECO (Veeco Instruments) GF Value Rank : 7 (As of Dec. 11, 2024)

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What is Veeco Instruments GF Value Rank?

Veeco Instruments has the GF Value Rank of 7.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Veeco Instruments's GF Value Rank

For the Semiconductor Equipment & Materials subindustry, Veeco Instruments's GF Value Rank, along with its competitors' market caps and GF Value Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Veeco Instruments's GF Value Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Veeco Instruments's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Veeco Instruments's GF Value Rank falls into.

Veeco Instruments GF Value Rank Related Terms

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Veeco Instruments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Veeco Instruments Inc (NAS:VECO) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

VEO:Germany VEO:Germany

Address

Terminal Drive, Plainview, NY, USA, 11803

Website

https://www.veeco.com

Veeco Instruments Inc is a United States-based company that is principally engaged in designing, developing, and manufacturing thin-film process equipment, which is mainly used to produce electronic devices. The company's product categories by market consist of lighting, display, and power electronics; advanced packaging; MEMS and RF; scientific and industrial; and data storage. The lighting, display, and power electronics market accounts for over half of the total revenue. The company offers products and services in the United States; China; Europe, the Middle East, and Africa, or EMEA; and the rest of the world, with overseas markets contributing the majority of total revenue.

Executives

John P Kiernan	officer: VP Finance & Corp. Controller	C/O VEECO INSTRUMENTS INC, TERMINAL DRIVE, PLAINVIEW NY 11803
Dennis Thomas St	director	C/O FORMFACTOR, INC., 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
William John Miller	director, officer: CEO	C/O VEECO INSTRUMENTS INC., 1 TERMINAL DRIVE, PLAINVIEW NY 11803
Adrian Devasahayam	officer: SVP - Product Line Development	C/O VEECO INSTRUMENTS, 1 TERMINAL DRIVE, PLAINVIEW NY 11803
Susan Wilkerson	officer: SVP, Global Sales & Service	C/O VEECO INSTRUMENTS INC., PLAINVIEW NY 11803
Mary Jane Raymond	director	C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Lena Nicolaides	director	1250 RELIANCE WAY, FREMONT CA 94539
Peter J Simone	director	17075 THORNMINT COURT, SANDIGO CA 92127
Sujeet Chand	director	ROCKWELL AUTOMATION, INC., 1201 SOUTH SECOND STREET, MILWAUKEE WI 53204
Peter Porshnev	officer: SVP, Unified Engineering	C/O VEECO INSTRUMENTS INC., 1 TERMINAL DRIVE, PLAINVIEW NY 11803
Shubham Maheshwari	officer: EVP, CFO & COO	C/O VEECO INSTRUMENTS INC., 1 TERMINAL DRIVE, PLAINVIEW NY 11803
John R Peeler	officer: CEO	DYNATECH CORP, 3 NEW ENGLAND EXECUTIVE PARK, BURLINGTON MA 01803
Kathleen A Bayless	director	1251 MCKAY DRIVE, SAN JOSE CA 95131
Roger D Mcdaniel	director	C/O ENTEGRIS INC, 3500 LYMAN BOULEVARD, CHASKA MN 55318
Susan Wang	director	40919 ENCYCLOPEDIA CIRCLE, FREMONT CA 94538